Cpaas, Thinq, Acquires Messaging Api Platform, Teli, Rebrands As Commio
Sep 16, 2021•almost 4 years ago
Acquiring Company
thinQ
Acquired Company
SendBird, Inc.
Description
ThinQ, the cloud communications platform (CPaaS) that powers programmable voice and text messaging in applications, has acquired teli, a privately-held, Denver-based provider of text messaging APIs, and has rebranded the combined entities under Commio. The new Commio brand has customer communications at its core, reflecting its position as the only CPaaS with reliable, multi-carrier programmable voice and messaging that eliminates worry, unnecessary costs, and complexity, enabled by proprietary tools and technology.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed